steem has 3 cryptocurrencies
Hi friends many of you or at least those who are new will not know how to handle these cryptomoneda steemit, and well, here I come to help you, as you know steemit consists of 3 coins which are:
STEEM
Steem Power
Steem Dollars
~STEEM . STEEM is the fundamental cryptocurrency of the Steemit network. a STEEM can be exchanged for Bitcoin or other cryptocurrencies through several outstanding exchange platforms. However, to cast votes, you must turn your STEEM into Steem Power (SP). This process is known as "on". You can also convert STEEM into Steem Dollars if you wish.
~Steem Power (SP). When you convert a STEEM into SP, you are investing it in the network as capital. A STEEM unit, vested as SP, equals one vote. Those with more SP to contribute have the most influence over what content rises to the top. The ascending and negative votes, or "flags", of users who have large amounts of SP are worth more than those of users with less SP. In addition, around 90% of the new STEEMs that are created are intended for users who have a large amount of SP, which creates an incentive for participants to re-invest their profits in the network. The speed limits are valid when you convert SP again into STEEM, known as "off".
~Steem Dollars. Steem Dollars, valued at 1: 1 with the US dollar, is a unit used to represent a short-term debt. The celebration of Steem Dollars is described in Steem's technical document as a way to give the community the value of a US dollar, which is designed to encourage growth.
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